BNP Paribas Financial Markets Grows Position in Park-Ohio Holdings Corp. (NASDAQ:PKOH)

BNP Paribas Financial Markets grew its stake in Park-Ohio Holdings Corp. (NASDAQ:PKOH) by 105.2% in the third quarter, HoldingsChannel reports. The institutional investor owned 3,256 shares of the industrial products company’s stock after buying an additional 1,669 shares during the period. BNP Paribas Financial Markets’ holdings in Park-Ohio were worth $100,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Allspring Global Investments Holdings LLC increased its position in shares of Park-Ohio by 1,986.8% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,586 shares of the industrial products company’s stock valued at $41,000 after acquiring an additional 1,510 shares during the period. EMC Capital Management increased its holdings in shares of Park-Ohio by 166.1% in the third quarter. EMC Capital Management now owns 7,074 shares of the industrial products company’s stock valued at $217,000 after purchasing an additional 4,416 shares during the period. L & S Advisors Inc purchased a new position in shares of Park-Ohio in the third quarter worth about $230,000. Empowered Funds LLC lifted its holdings in shares of Park-Ohio by 5.2% during the third quarter. Empowered Funds LLC now owns 10,874 shares of the industrial products company’s stock worth $334,000 after purchasing an additional 536 shares during the period. Finally, Aristeia Capital L.L.C. lifted its holdings in shares of Park-Ohio by 11.3% during the second quarter. Aristeia Capital L.L.C. now owns 11,515 shares of the industrial products company’s stock worth $298,000 after purchasing an additional 1,170 shares during the period. 51.38% of the stock is currently owned by institutional investors and hedge funds.

Park-Ohio Trading Down 4.9 %

Shares of Park-Ohio stock opened at $26.70 on Thursday. The stock has a market cap of $374.87 million, a PE ratio of 21.36 and a beta of 1.18. The firm has a fifty day moving average price of $30.86 and a 200 day moving average price of $28.81. Park-Ohio Holdings Corp. has a 1 year low of $22.74 and a 1 year high of $34.50. The company has a debt-to-equity ratio of 1.90, a current ratio of 2.45 and a quick ratio of 1.26.

Park-Ohio (NASDAQ:PKOH) last released its quarterly earnings data on Wednesday, November 6th. The industrial products company reported $1.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.89 by $0.18. The business had revenue of $417.60 million during the quarter. Park-Ohio had a return on equity of 14.64% and a net margin of 1.01%.

Park-Ohio Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 15th were issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 1.87%. The ex-dividend date was Friday, November 15th. Park-Ohio’s payout ratio is presently 40.00%.

Insiders Place Their Bets

In other Park-Ohio news, insider Robert D. Vilsack sold 3,556 shares of Park-Ohio stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $31.67, for a total value of $112,618.52. Following the completion of the transaction, the insider now owns 187,764 shares of the company’s stock, valued at approximately $5,946,485.88. The trade was a 1.86 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Patrick V. Auletta sold 9,800 shares of the company’s stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $31.43, for a total transaction of $308,014.00. Following the completion of the transaction, the director now owns 12,135 shares of the company’s stock, valued at approximately $381,403.05. This trade represents a 44.68 % decrease in their position. The disclosure for this sale can be found here. Insiders own 33.04% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of Park-Ohio from a “hold” rating to a “buy” rating in a report on Thursday, November 28th.

Park-Ohio Company Profile

Park-Ohio Holdings Corp. provides supply chain management outsourcing services, capital equipment, and manufactured components in the United States, Europe, Asia, Mexico, Canada, and internationally. It operates through three segments: Supply Technologies, Assembly Components, and Engineered Products.